The EUR/PLN pair returned to the recent technical range of 3.90-3.94 overnight on Thursday after failing to sustain a break past 3.90 the day before. The unit opened the trading session lower against the euro and even though selling was still pretty much the story throughout the day in other CE4 markets the zloty eventually ended the session roughly unchanged at 3.9350 EUR/PLN. sentiment is still far from rosy, so despite the uninspiring economic calendar, we could see some more pre-weekend profit taking in the zloty with sub 3.95 EUR/PLN levels pretty much within reach today.
(CSOB - Investment research)